99-acre site will deliver new homes, community space, offices and green infrastructure
Europa Capital, the pan-European real estate investment manager, in partnership with UK property Company, St Congar, announces that Brighton and Hove City Council has granted outline planning consent for the development of 880 new homes, alongside commercial and community spaces, at Toads Hole Valley in Hove, East Sussex.
An interest in Toads Hole Valley was acquired by Europa Capital in partnership with St Congar in 2016 and, at 99 acres, is the largest greenfield site in the Brighton & Hove City Plan which has been identified for the delivery of much needed housing.
The proposed development will deliver 880 new homes, of which 40% will be affordable, in addition to 25,000 sq m of office space, a site for a secondary school, a neighbourhood centre and doctors’ surgery, as well as play areas and open space.
The site is adjacent to the A27 with easy access to A23 and M23 motorway. As part of the S106 Agreement an improved bus service will be provided and nearby Preston Park Railway Station and Brighton train station offer a regular service to London in approx. 1 hour
James Pennington, Managing Director, Asset & Portfolio Management at Europa Capital, commented: “Toads Hole Valley will create a vibrant new community, delivering modern homes and community space for Hove in line with the Council’s local plan. Achieving outline planning consent is an important milestone for this scheme which has involved a number of partners working together to promote this fantastic site through the planning system.”
Europa Capital was advised by Strutt & Parker and Turner Morum on marketing in addition to Enplan Consultants, Vectos, Eversheds Sutherland and Bryan Cave Leighton Paisner.